https://sputniknews.in/20261012/opec-countries-underscore-importance-of-safe-sea-routes-for-energy-supplies-opec-12560768.html
OPEC+ Countries Underscore Importance of Safe Sea Routes for Energy Supplies: OPEC
OPEC+ Countries Underscore Importance of Safe Sea Routes for Energy Supplies: OPEC
Sputnik India
OPEC+ countries at a meeting in Riyadh emphasized the importance of ensuring the security of international sea routes for uninterrupted energy supplies, OPEC... 12.10.2026, Sputnik India
2026-10-12T23:04+0530
2026-10-12T23:04+0530
2026-10-12T23:04+0530
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Energy transportation and insurance costs have reached unprecedented levels, exceeding a third of the commodity's value, the statement said.OPEC+ heads of delegations will work with other international organizations to improve shipping conditions worldwide, the statement added.
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OPEC+ Countries Underscore Importance of Safe Sea Routes for Energy Supplies: OPEC
OPEC+ countries at a meeting in Riyadh emphasized the importance of ensuring the security of international sea routes for uninterrupted energy supplies, OPEC said on Monday.
"The Ministers affirmed the critical importance of safeguarding the international maritime routes to ensure the uninterrupted flow of energy," OPEC said in a statement, following the meeting of energy and oil ministers from OPEC+ member countries in Riyadh.
Energy
transportation and insurance costs have reached unprecedented levels, exceeding a third of the commodity's value, the statement said.
OPEC+ heads of delegations will work with other international organizations to improve shipping conditions worldwide, the statement added.